Delisting of Indian Depository Receipts

RNS Number : 7866T

Standard Chartered PLC

22 July 2020

 

Standard Chartered PLC

Completion of Delisting of Indian Depository Receipts

22 July 2020  

Standard Chartered PLC (the Group) announced on 9 March 2020 that it intended to terminate its Indian Depository Receipt (IDR) programme. The Group has now completed the termination of the IDR programme, and accordingly the IDRs have been delisted from BSE Limited and the National Stock Exchange of India Limited, in India.

As at 19 June 2020, there were around 7.5 million IDRs outstanding from the original 240 million IDRs that were issued in 2010. The approximately 750,000 underlying Group ordinary shares that these IDRs represented were sold on the London Stock Exchange on 22 June 2020 and the net sale proceeds distributed to the relevant IDR holders.

Enquiries to :

Mark Stride, Head of Investor Relations  [phone]

Julie Gibson, Head of Media Relations   [phone]

 

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